/macÂ·ule/ (mÄÂ´kÅ«l) a discolored spot on the skin that is not raised above the surface. (mÄkâ²yoÍolâ²) n. A discolored spot or area on the skin that is not elevated above the surface and is characteristic of certain conditions, such as smallpox, purpura, or roseola. Also called macula.
stock option(noun) the right to buy or sell a stock at a specified price within a stated period. stock option(noun) a benefit given by a company to an employee in the form of an option to buy stock in the company at a discount or at a fixed price. stock options are not much use as an incentive if the price at which they can be exercised is out of reach.
1 an option consisting of a put and a call combined, both at the same current market price and for the same specified period.  a similar transaction in securities or futures in which options to buy and sell the same security or commodity are purchased simultaneously in order to hedge one's risk.